MBCC TH 22n Mar'24 - "Why do FX markets matter more than Equities or Bonds even, yes even your stock selection gets effected, Yuan and Yen are on the verge of blowing up!"

The last year the market has been trained to ignore macro and FX and bonds, as the Fed has done a beautiful job in containing risk by printing money out of nothing, US govt fiscal spend has been about $1 trillion every 100 days…and you wonder how the markets are holding up?

Well…we have long opined that Fed may not realise but what they do or cannot will HIT Japan and China WAY HARDER..and when they sneeze, rest of the world catches a cold!

Today we tell you what this means for Oil, Copper, Gold, Bitcoin and Stocks and all…it is all ONE BIG MACRO TRADE and positioning is key@